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Alain Marion, Senior VP Subsea Assets & Technology
Goldman Sachs European Oil Services Symposium, London, May 24, 2013
Building Solutions for the Energy Industry
2
Safe Harbor
his presentation contains both historical and forward-looking statements. These forward-looking statements are not based on historical facts, but rather reflect our current expectations concerning future results and events and generally may be identified by the use of forward-looking words such as “believe”, “aim”, “expect”, “anticipate”, “intend”, “foresee”, “likely”, “should”, “planned”, “may”, “estimates”, “potential” or other similar words. Similarly, statements that describe our objectives, plans or goals are or may be forward-looking statements. These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to differ materially from the anticipated results, performance or achievements expressed or implied by these forward-looking statements. Risks that could cause actual results to differ materially from the results anticipated in the forward-looking statements include, among other things: our ability to successfully continue to originate and execute large services contracts, and construction and project risks generally; the level of production-related capital expenditure in the oil and gas industry as well as other industries; currency fluctuations; interest rate fluctuations; raw material, especially steel as well as maritime freight price fluctuations; the timing of development of energy resources; armed conflict or political instability in the Arabian-Persian Gulf, Africa or other regions; the strength of competition; control of costs and expenses; the reduced availability of government-sponsored export financing; losses in one or more of our large contracts; U.S. legislation relating to investments in Iran or elsewhere where we seek to do business; changes in tax legislation, rules, regulation or enforcement; intensified price pressure by our competitors; severe weather conditions; our ability to successfully keep pace with technology changes; our ability to attract and retain qualified personnel; the evolution, interpretation and uniform application and enforcement of International Financial Reporting Standards, IFRS, according to which we prepare our financial statements as of January 1, 2005; political and social stability in developing countries; competition; supply chain bottlenecks; the ability of our subcontractors to attract skilled labor; the fact that our operations may cause the discharge of hazardous substances, leading to significant environmental remediation costs; our ability to manage and mitigate logistical challenges due to underdeveloped infrastructure in some countries where we are performing projects.
Some of these risk factors are set forth and discussed in more detail in our Annual Report. Should one of these known or unknown risks materialize, or should our underlying assumptions prove incorrect, our future results could be adversely affected, causing these results to differ materially from those expressed in our forward-looking statements. These factors are not necessarily all of the important factors that could cause our actual results to differ materially from those expressed in any of our forward-looking statements. Other unknown or unpredictable factors also could have material adverse effects on our future results. The forward-looking statements included in this release are made only as of the date of this release. We cannot assure you that projected results or events will be achieved. We do not intend, and do not assume any obligation to update any industry information or forward looking information set forth in this release to reflect subsequent events or circumstances.
****
This presentation does not constitute an offer or invitation to purchase any securities of Technip in the United States or any other jurisdiction. Securities may not be offered or sold in the United States absent registration or an exemption from registration. The information contained in this presentation may not be relied upon in deciding whether or not to acquire Technip securities.
This presentation is being furnished to you solely for your information, and it may not be reproduced, redistributed or published, directly or indirectly, in whole or in part, to any other person. Non-compliance with these restrictions may result in the violation of legal restrictions of the United States or of other jurisdictions.
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Contents
1. Technip Today
2. Continuously Investing in Technology
3. Ultra Deepwater Alliance with Heerema
4. Outlook
5. Annex
4
1. Technip Today
5
A World Leader Bringing Innovative Solutions to the Energy Industry
A world leader in project management, engineering and construction for oil & gas,
chemicals and energy companies
Revenues driven by services provided to clients Onshore/Offshore and Subsea
Over 36,500 people in 48 countries
2012 Revenues: €8.2 billion; Operating margin1 of 10% for the 4th year
1 from recurring activities
6
A World Leader Bringing Innovative Solutions to the Oil & Gas Industry
Onshore/Offshore
Proven track record with customers &
business partners
Engineering & construction
Project execution expertise
Early involvement through conceptual studies
and FEEDs
Knowhow
High added-value process skills
Proprietary platform design
Own technologies combined with close
relationship with licensors
Low capital intensity
Worldwide leadership
Unique vertical integration
R&D
Design & Project Management
Manufacturing & Spooling
Installation
First class assets and technologies
Technologically Advanced
Manufacturing plants
High performing vessels
Advanced rigid & flexible pipes
Very broad execution capabilities
Subsea
7
Very Broad Execution Capabilities in Subsea
S-Lay
Heavy
Lift
Deep-to-shore Deepwater infield lines Ultra-deep water infield lines
(Very high tensions: alliance with Heerema)
Subsea
Heavy
Lift
J-Lay
&
Reel-Lay
J-Lay
&
Reel-Lay
A Solid Platform for Profitable Growth
(1) Includes offshore platforms and subsea projects
Backlog by Geography
Asia Pacific
Middle East
Europe / Russia
Central Asia
Africa
Americas
Backlog by Market Split
Petrochems
Others
Refining /
Heavy Oil
Gas / LNG /
FLNG
Shallow Water(1)
Deepwater(1)
>1,000 meters
8
9%
28% 12%
22%
18%
25% 48%
10%
13% 16%
Dec. 2006 Mar. 2013
23% 24%
11%
39%
37%
10%
12% 13%
16% 11%
1% 3%
Dec. 2006 Mar. 2013
Backlog as of December 31st, 2006: €10.273 billion
Backlog as of March 31st, 2013: €14.778 billion
9
2. Continuously Investing in Technology
2008 2009 2010 2011 2012
Onshore/Offshore Subsea
10
Strong Commitment to Research & Development
Subsea R&D engineers R&D investments € million*
45
54 57
65
69
204 209
238
291
369
2008 2009 2010 2011 2012
Flexible pipe Rigid pipe
Umbilicals Asset integrity management
Hybrid technologies Others
Modernizing our Newcastle umbilicals plant
11
Vitória
Port d’Angra
Macaé
Açu
Rio de Janeiro
New flexible plant in Açu …
12
Centre de
R&D France
Responsible for the pre-salt flexible pipe qualification
13
Partner with R&D institutes and Brazilian universities
R&D center close to our main client
Centre de
R&D Brésil
New R&D center in Brazil: 100 persons
Rio de Janeiro
R&D center
Laboratoires
Experts regrouped at one unique site
Creation of a world innovation center and technology base
14
Reinforce our competences and attract high level professionals
Develop inter-techology synergies and coordinate initiatives with our R&D partners
15
Recent Technological Advances
Innovative flexible pipe solutions
Leveraging reel-lay expertise
Building S-lay & heavy lift capabilities
Asset integrity & in-situ monitoring
Well-head to platform
Hyperbaric Chamber Collapse Test
Carbon Fibre Armour Flexible Pipe 3D Model
Innovative Flexible Pipe Solutions: Challenging Reservoirs & Ultra Deepwater Developments
16
Anti H2S layer
Cost effective solution for
highly corrosive fluids
Integrated Production
Bundle
Multi service pipe:
production, gas lift,
power, heating,
monitoring and chemical
injection
Carbon fiber armor
flexible pipe
Lighter and stronger
material with excellent
corrosion and fatigue
performances
Pre-salt large diameter
flexible pipe
Deepwater, large
diameters, high pressure,
strong corrosion
performances
* 8-inch flexible riser in a water depth of 2,500 meters (design pressure of 350 bars)
Smoothbore riser
Internal layer designed to
eliminate noise &
vibration for dry gas
risers
Top tension reduction by
up to 35%* relative to
sour service
Improve flow assurance Reduce pipelay vessel
capacity requirements
Guara & Lula Nordeste:
2,250m water depth,
552 bars
Ensure riser and topside
integrity, while reducing
pressure drop
Leveraging Rigid Reel-lay Expertise: Flow Assurance and Challenging Reservoirs
17
Continuous commercial success
Bøyla, Norway
Gullfaks, Norway
Gannet, UK
Cardamom, Gulf of Mexico
Reeled Electrically Heated Pipe-in-pipe: ETH-PIP
Active heating solution to improve flow assurance and
reduce energy requirements
1st application: Islay, UK, delivered in 2012
Reeled Pipe-in-pipe
Passive insulation to improve flow assurance
with high level of local content
Worldwide references since 1989 in +2,000m of water depth
Deep Blue Loading Pipe on Dande Spoolbase, Angola
Islay ETH-PIP Fabrication, UK
Canapu Pipe-in-pipe on Mobile Spoolbase, USA
Building S-lay & Heavy Lift Capabilities: Access to Deep-to-Shore & Heavy Lift Markets
Offshore main operations
completed
Jubilee 1A, Ghana
Liwan shallow water, China
South West Fatah & Falah, UAE
Recent awards
Moho Nord, Congo
Malikai Subsea, Malaysia
Starfish, Trinidad and Tobago
South Timbalier Block 283 Junction
Platform, Gulf of Mexico
Bay of Campeche, Gulf of Mexico
Wheatstone, Australia
18
G1200 G1201
Deep Orient Latest Construction vessel
19
Deep Energy State-of-the-art pipelay vessel
20
Asset Integrity & In-situ Monitoring: Increased Focus on Life of Field Operations
21
Risers, pipelines & umbilical’s Floaters, buoys & mooring systems
Motion, load & moment sensing,
Attitude & buoyancy monitoring,
Behavior & fatigue analysis
1st applications:
Girassol, Angola
Guara Lula NE, Brazil
Rosa, Angola
Subsea production surveillance
Rigid riser integrity & tension
monitoring systems
Tension anchor leg monitoring,
Stress & inclination measurement
1st applications:
Frade, Brazil
Skarv, North Sea
Usan, Nigeria
Dalia, Angola
Anchor leg & mooring line
monitoring systems
Flow performance: process control
Flow assurance: slug and deposit
detection
1st applications:
Kashagan, Kazakhstan
Girassol, Angola
Usan, Nigeria
Pressure & temperature monitoring
system via non-intrusive clamp
Well-head to Platform: Optimizing Subsea Field Architecture
22
Integrating our subsea proprietary technologies and offshore platform knowhow with third
party processing equipment to provide innovative development solutions
* Drawing not to scale
ULTRADEEPWATER 120 000 bopd FIELD - LAY-OUT
10 production wells - 5 x 8" Flowlines+Risers - 5 SSBUs
South Wells
North Wells
WD: 2200m
WD: 1000m
TO SHORE
Umbilicals
(Power & control)
Electrically Trace
Heated Pipe-in-pipe
In-line Monitoring
Technologies
Technip proprietary technologies Third party equipment
Subsea Equipment
(Separator & pump)
Integrated Production
Bundle
23
3. Ultra Deepwater Alliance with Heerema
Subsea Growth Driven by Promising Ultra-deepwater developments
24
Number of Subsea Trees Awards Forecast (Mean Case)
Source: Infield Systems April 2013
Installed Pipe* Forecast (in km)
0
100
200
300
400
500
600
700
Award Year
0-300m 301-1500m > 1500m
0
2,000
4,000
6,000
8,000
10,000
12,000
2009 2010 2011 2012 2013e 2014e 2015e 2016e 2017e
Shallow & Medium Water:<500m Deepwater:500m-1500m
Ultra-Deepwater:>1500m
Deep & Ultra-deep water share expected to grow
~37% from 2012 to 2017e
Deep & Ultra-deep water awards expected to increase by 79%
in 2013 - 2017e compared to previous 5 year
Source: Quest Offshore February 2013
*Figures exclude Intercontinental Trunklines
Ultra-Deepwater Challenges
Larger developments with contracting interfaces
increasingly difficult to manage by operators
Increasing use of EPCI contracts requiring extensive project management and execution
experience
Heavier subsea equipment Vessels with higher
lifting/abandonment capacity
Deeper water and
heavier pipes
Vessels with higher tension pipe laying capacities
Increasing QHSE1 requirements
State-of-the-art vessels and experienced project
management required
25
1 Quality, Health, Safety & Environment
Helping Clients to Develop Ultra-deepwater Fields
Geographical footprint covers key subsea
markets worldwide (engineering, sales &
business development, yards, spoolbases,
flexible & umbilical plants)
Track record in engineering & project
management of complex projects
Financial strength to endorse large contract
responsibility
Unique set of capabilities for ultra-
deepwater market:
Experienced engineering & project management
High capacity vessels
State-of-the-art laying technologies (J-, Reel-, S- and Flex-Lay)
Logistic and construction network
(yards, plants)
Sales & business development
network
Installation capabilities for Ultra-Deepwater
Extensive track record of fabrication and
installation of heavy and specialized pipelines
Capabilities for remote areas lacking
infrastructure, thanks to liftable reel-lay system
26
Commercial Alliance with Heerema
5-year worldwide alliance agreement combining
capabilities for EPCI projects in ultra-deepwater
Working together through ad-hoc JV, consortiums or
subcontract arrangements to best answer client
requirements
Alliance effective immediately on an exclusive basis
First successes expected in 2013/2014, with offshore
phases in 2015 and beyond
27
Full Range of Capabilities for Ultra Deepwater Developments
28
S-lay Flex-lay, Reel-lay & J-Lay J-Lay & Reel-lay, Very High Tension
Deep-to-shore large diameter export
pipelines
Infield developments: flowlines,
risers & jumpers
Heavy pipes in ultra-deepwater: high
pressure, larger diameters and
complex pipes such as Pipe-in-pipe
Technip Heerema
29
4. Outlook
30 30
Business Environment
Emerging deeper water
projects
Current Australian gas
projects continue to
progress, but new onshore
projects less certain
GDP growth drives refining,
petrochemicals and fertilizer
investments
Momentum building in
West Africa subsea
New discoveries to drive
future onshore & offshore
developments
Africa
Upswing in US Gulf of Mexico
US shale gas driving onshore
downstream investments
North America
High level of subsea awards continues
Increase in platform activity
North Sea
Sustained volume of activity
Good opportunities offshore
& downstream
Middle East
Asia Pacific
Good visibility in Brazil with
post-salt & pre-salt
developments
Clearer flexible opportunities
Latin America
31
Backlog Visibility1
1 Backlog estimated scheduling as of March 31, 2013
Subsea Onshore / Offshore Group
2013 (9 months) 2,784.8 3,252.9 6,037.7
2014 2,118.8 2,907.8 5,026.6
2015 and beyond 1,910.9 1,802.8 3,713.7
Total 6,814.5 7,963.5 14,778.0
€ million
32
2013 Full Year Objectives Maintained(1)
Group revenue growing 11% to 16% to between €9.1 and
€9.5 billion
Subsea revenue growing to between €4.3 and 4.6 billion,
with operating margin(2) around 15%
Onshore/Offshore revenue growing to between €4.7 and
€5.1 billion, with operating margin(2) between 6% and 7%
(1) year-to-date exchange rates (2) from recurring activities
5. Annex
33
National Oil Companies International Oil Companies
Diversified & Balanced Customer Base
34
Consolidated Statement of Financial Position
35
1 Restated with the impacts from the retrospective application of amended IAS 19 standard "Employee Benefits" as of January 1, 2013
Dec. 31,
2012
Restated(1)
Mar. 31,
2013
Fixed Assets 6,022.2 6,039.5
Construction Contracts – Amounts in Assets 454.3 633.2
Other Assets 2,845.0 3,038.3
Cash & Cash Equivalents 2,289.3 2,183.0
Total Assets 11,610.8 11,894.0
Shareholders’ Equity 3,962.1 4,063.6
Construction Contracts – Amounts in Liabilities 873.0 788.9
Financial Debts 2,106.1 2,273.9
Other Liabilities 4,669.6 4,767.6
Total Shareholders’ Equity & Liabilities 11,610.8 11,894.0
€ million
36
Two Complementary Business Models Driving Financial Structure and Performance
(1) from recurring activities
Subsea Onshore/Offshore
Operating
Income1
Operating
Margin1
Capital intensive: fleet and manufacturing
units
Vertical integration from engineering
to manufacturing & construction
Negative capital employed: low fixed
assets
High degree of outsourcing & sub-
contracting
498
603
FY 11 FY 12
16.8%
14.9%
FY 11 FY 12 1Q 13 1Q 13
274 290
FY 11 FY 12
7.1% 7.0%
FY 11 FY 12
€ million
Backlog
6,814.5
Operating
Income1
Operating
Margin1
7,963.5
Backlog
Rigid Reel-lay
Rigid J-lay
Subsea Vertical Integration: Customer Support from Concept to Execution
Concept
Project Engineering & Procurement
Upstream
Engineering
With Genesis1
Pre-FEED* and
FEED
Offshore field
development
studies
Innovative
technology
solutions for
platform and
subsea
challenges
R&D, Proprietary Software & Hardware
Execution
Manufacturing
Rigid S-lay
P
R
O
J
E
C
T
M
A
N
A
G
E
M
E
N
T
Flexible risers
and flowlines
Rigid Pipeline
Welding/Spooling
Umbilicals
Installation
Flexible-lay
Umbilical-lay
Associated
construction
Heavy-lift for
Subsea
infrastructure
Offshore topside
installation
Support, Diving & Logistics
1 Genesis Oil & Gas Consultants, a wholly owned subsidiary of Technip
2 FEED: Front End Engineering Design 37
Delivering Best-for-Project Solutions Through Genesis
Genesis: A wholly owned subsidiary of Technip
Provide independent, early phase engineering support to
concept selection Fixed and floating platform configuration and selection
Subsea architecture development and component selection
Provide subsea engineering services from FEED through
execution and operation Project management / engineering management
Flow assurance
Deepwater expertise
Subsea production systems
Pipelines & risers
Risk & integrity management
Over 1,300 dedicated Engineers and Designers
38
Investment in Key Subsea Assets
39
5
7, incl. 1 under
construction
Plants
2007 New long-term charters
North Sea Giant
18
32, incl. 4 under
construction
Vessels
2007
North Sea Atlantic, delivery in 2014
As of March 31, 2013
40
High Performing Fleet of 32 Vessels1
Diving & multi support vessels
Flexible-Lay & Construction
Rigid S-Lay and Heavy Lift
Deep Blue
Apache II
Skandi Niteroi
G1200
G1201
Hercules
Deep Pioneer
Skandi Achiever Skandi Arctic Global Orion
Iroquois
Olympic Challenger
Normand
Progress
Skandi Vitoria
Deep Energy2
Rigid Reel-Lay & J-Lay 11 units 4 units 4 units
13 units
Sunrise
2000
Pioneer
Chickasaw
Deep
Constructor
1 As of March 31, 2013
2 Vessels under construction
Deep Orient
2 x 550t PLSV2 North Sea Giant
North Sea
Atlantic2
41
Flexibrás Vitória, Brazil
Flexi France Le Trait, France
Asiaflex Products Tanjung Langsat, Malaysia
Port of Açu Açu, Brazil
Flexible Pipe Manufacturing Plants
42
Mobile, Alabama, USA Orkanger, Norway
Evanton, UK
Dande, Angola
Carlyss, Louisiana, USA
Offshore Manufacturing & Logistic Bases
Port of Angra, Brazil
43
Umbilicals Manufacturing Plants
Duco Inc Houston, USA
Duco Ltd Newcastle, UK
Angoflex Lobito, Angola
Asiaflex Products Tanjung Langsat, Malaysia
Onshore/Offshore Key Markets
44
Petrochemical &
Ethylene
LNG & GTL
Floating LNG
Spar
Fixed platform
Expertise in Full Range of Offshore Facilities Onshore Downstream Unique Position
FPSO Fertilizer
Refining
45
Acquisition of Stone & Webster Process Technologies
Acquisition completed on August 31, 2012
Cash consideration of ~€225 million
Perimeter excludes Toronto and Baton Rouge sites and all legacy EPC contracts
retained by Shaw
Cost synergies (notably premises, IT) approximately €7 million, with one-off
transaction and transition costs in 2012 of ~€15 million
The acquisition roughly doubles the revenues that Technip already generates
from this type of activity to ~€400 million on a pro forma basis
Looking forward, the acquired business should generate margins above those of
the Onshore/Offshore segment, as well as having a more robust and lower risk
earnings profile
Licensed proprietary technologies
chosen at early stage of projects
Technology Strength Diversifies Our Revenue
Process Design / Engineering Proprietary Equipment Licenses
Design, supply and installation of
critical proprietary equipment
Process design packages /
engineering to guarantee plant
performance
Assistance to plant start-up and
follow-up during plant production
46
~US$50 million*
Process Technologies
<US$5 million* <US$50 million*
* Project size order of magnitude
Stone & Webster Process Technologies: Enhanced Portfolio of Downstream Technologies
Natural Gas
Refining
GTL
Hydrogen
Ethylene
Business Domains
47
LNG
Crude Oil
Cryogenic separation
Cooperation with Air Products and Chemicals, Inc.
(APCI)
Exclusive co-developer of Sasol Fischer Tropsch
reactor technology
Steam reformer proprietary technology
Alliance with Air Products
Ammonia technology licensing cooperation with
Haldor Topsoe
Complementary proprietary technologies with
different clients & geographic bases
Polyolefins and others
Residual Fluid Catalytic Cracking
Deep Catalytic Cracking
Technip
Fertilizer
Intermediates
polymers
derivatives
Technologies and Skills
Stone & Webster process technologies and associated oil and gas engineering capabilities
48
Worldwide Organization Dedicated to Downstream Technologies
Technip Stone & Webster Process Technology
Team of ~1,200 people with specialists from both companies
Cutting edge technologies in refining, hydrogen, ethylene, petrochemicals & GTL
~€400 million of revenue on a pro forma basis
Why
Reinforce Technip’s position as a technology provider to the downstream industry, with
positive feedback from clients
Additional revenue streams from enhanced technology and high-end proprietary solutions
Strengthened commercial relationship with clients at early stages of projects
Operating centers Sales offices Associated operating centers
Mumbai
Milton Keynes
Houston
CambridgeClaremont Paris
Rome
Zoetermeer
Abu Dhabi
Kuala Lumpur /
Singapore
Beijing
CP Chem cracker, USA
Braskem Comperj petrochemical complex, Brazil
Braskem / Idesa Ethylene XXI, Mexico
Reliance cracker, India
EBSM1: El Dekila Egyptian Polystyrene Prod. Co., Egypt
Cumene: Lihuayi Weiyuan Chemical Co. Ltd., China
Sasol Uzbekistan GTL, Uzbekistan
Sasol Oryx plant, Qatar
Resid FCC2: Takreer, UAE
DCC2: Petro-Rabigh, Saudi Arabia & IRPC, Thailand
McKee & Memphis refineries, USA
Petrochina Chengdu refinery, China
~35% installed capacities with ~120 references
~25% of licensing over the past 10 years
~25% of installed capacities over the past 10
years including 7 EPC
Leading position around key proprietary
technologies1 through Badger JV
Strong track-record and technology partnership
with Sasol
Resid FCC2: world leader, >75 references
DCC2: unrivalled performance, >10 references
World leader with ~40% market share, inc.
alliance with Air Products, >240 references
Petrochemicals
Technip Stone & Webster Process Technology Leading Position in Growing Markets
Refining
GTL
Hydrogen
S&W Ethylene
49
Technip Ethylene
Strong Track Record Recent Key Projects
(1) Ethylbenzene / Styrene Monomer (EBSM), Cumene, Bisphenol A (BPA)
(2) RFCC: Resid Fluid Catalytic Cracking. DCC: Deep Catalytic Cracking
FLNG1, an Innovative Solution for our Customers
50
Shell FLNG
15 year master agreement
LNG capacity: 3.6 mtpa
Prelude FLNG in Australia under
construction
Petronas FLNG
LNG capacity: 1.2 mtpa
Offshore Malaysia
Floating LNG 1 under
construction by Technip
Floating LNG moving from concept to reality
2 facilities under construction after FEED completion
Several conceptual studies for various clients
(1) Floating Liquefied Natural Gas
Petrobras FLNG
LNG capacity: 2.7 mtpa
Pre-salt basin, Brazil
Design competition won by
Technip
Providing Innovative Solutions for Offshore & Subsea Developments
51
Electrically Trace
Heated Pipe-in-pipe
Carbon Fiber Armor
Flexible Pipe
Reduction of
deepwater riser
weight
Active insulation
improving tie-backs
flow assurance
Floating LNG Spars
Solution for harsh
waters
Breakthrough:
develop remote gas
reserves
Reduce pipelay
vessel capacity
requirements
Energy effective
design and cost
effective installation
14 delivered out of
17, plus 3 ongoing
projects
World’s first
reference under
construction
Integrated Production
Bundle
Improve flow
assurance: multi-
services and
intelligent flexible
pipe
Combines gas lift,
electrical cables,
electrical heating,
fiber optic monitoring
and chemical
injection services in
one pipe
52
Aberdeen
Paris
Luanda
Rio de Janeiro
Mumbai
Kuala Lumpur
Perth
Lagos
Vitória
Caracas
Dande
Lobito
Port Harcourt
Barcelona
Lyon Rome
Athens
Düsseldorf
St. Petersburg Evanton
London Newcastle
Abu Dhabi
Doha
Chennai Bangkok
Jakarta Balikpapan
Shanghai
Pori
Le Trait
Bogota
New Delhi
Regional Headquarters / Operating centers
Spoolbases
Manufacturing plants (flexible pipelines)
Manufacturing plants (umbilicals)
Construction yard
Tanjung Langsat
Oslo
Orkanger
Stavanger
Logistic bases
Angra Porto
Cairo
Baghdad
Al Khobar
Warsaw
Macaé
Accra
A Unique Worldwide Footprint
Batam Singapore
Dubaï
St. John’s
Houston
Los Angeles
Calgary
Monterrey
Mobile
Ciudad del Carmen
Carlyss
Mexico City
Cambridge
Weymouth
Acu (under construction)
Milton Keynes
The Hague
Seoul Ashgabat
Rayong
Ho Chi Minh City
Miri
Africa: Local Partner With Commitment to Long-term Presence
Pazflor, Subsea, Angola
West Delta Deep Marine Phase 7 & 8A,
Subsea, Egypt
Jubilee, Subsea, Ghana
Fertilizer FEED, Onshore/Offshore, Gabon
Akpo FPSO, Onshore/Offshore, Nigeria
Key Projects
~900 people
1st office founded in 1995
Technip in Africa
Engineering & project management
centers
Umbilical manufacturing plant:
Angoflex, Angola
Spoolbase: Dande, Angola
Logistic base: Port Harcourt, Nigeria
Assets & Activities
Luanda
Lagos
Dande
Lobito
Port Harcourt Accra
Cairo
Regional Headquarter / Operating centers
Spoolbase
Manufacturing plant (umbilicals)
Logistic base
Dande spoolbase, Angola
Angoflex, Angola
53
As of March 31, 2013
Engineering & project management centers
Flexible/umbilical manufacturing plant: Asiaflex,
Malaysia, 1st and only one in Asia
Logistic base: Batam, Indonesia
Fabrication yard: MHB1, Malaysia, with solid
platform track record,
Vessel
54
Asia Pacific: Dedicated Assets for High Potential Market
Perth
Bangkok
Shanghai
Singapore
Jakarta
Balikpapan
Tanjung Langsat
~8,700 people
Founded in 1982
Technip in Asia Pacific
1 8.5% participation
Batam
Assets & Activities
Woodside GWF, Subsea, Australia
Prelude FLNG, Onshore/Offshore, Australia
FLNG FEED, Onshore/Offshore, Malaysia
Biodiesel plant, Onshore/Offshore, Singapore
Key Projects
Deep Orient
Asiaflex, Malaysia
Regional Headquarter / Operating centers
Logistic base
Flexible & umbilical manufacturing plant
Kuala Lumpur
New Delhi
Mumbai
Chennai
Seoul
Miri
Rayong
Ho Chi Minh City
As of March 31, 2013
G1201
2 Operating partly in Asia Pacific
Al-Khobar
Doha
Abu Dhabi
Dubaï
Baghdad
Engineering & project management
centers
Wide range of services: from
conceptual and feasibility studies to
lump sum turnkey projects
Construction methods center &
supervision hub
55
Middle East: Largest Engineering Capacity in the Region
Operating centers
Assets & Activities
OAG Package 1 on Das Island Facilities, UAE
ASAB 3, UAE
Khafji Crude Related Offshore, Saudi Arabia and Kuwait
Upper Zakum 750K FEED, UAE
KGOC Export Pipeline, Saudi Arabia and Kuwait
Key Projects
~2,700 people
Founded in 1984
Technip in Middle East
Asab 3, UAE
Upper Zakum 750+, UAE
As of March 31, 2013
Regional Headquarter / Operating centers
Engineering & project management centers with
Subsea, and Onshore/Offshore capabilities
Spoolbases Mobile, Alabama
Carlyss, Lousiana
Umbilical plant Channelview, Texas
Vessels
56
North America: Solid Reputation With Enhanced Portfolio of Downstream Technologies
Spoolbases
Manufacturing plants (umbilicals)
Assets & Activities
Reel-lay tie-backs in the Gulf of Mexico
Lucius Spar, Gulf of Mexico
BP 10-year spar agreement, Gulf of
Mexico
Shell subsea engineering frame
agreement with Genesis, US & Brazil
Recurring activities, US & Mexico
Light reel-lay
Inspection, repair & maintenance,
diving support & surveys
Key Projects
Chickasaw Deep Blue1
1 Operating partly in the Gulf of Mexico
~4,100 people
Founded in 1971
North America
Duco umbilical plant, USA
Mobile spoolbase, USA
Lucius Spar, Gulf of Mexico
Pioneer Cambridge
Weymouth
As of March 31, 2013
Quad 204, EPCI, UK
Islay, ETH-PIP1 EPCI, UK
Åsgard Subsea Compression, Norway
Åsgard Hot Tap, 1st remote retrofit tee hot-tap operation, Norway
Bøyla, PIP2 EPCI, Norway
Aberdeen
St. John’s
Evanton
London
Newcastle
Pori
Oslo
Orkanger
Stavanger
Haugesund
Milton Keynes
Engineering & project management centers
Spoolbases Orkanger, Norway
Evanton, UK
Steel tube/thermoplastic umbilical plant Duco Newcastle, UK
Yard: Pori, Finland, specialized in Spar platforms fabrication
Offshore wind: headquarters in Aberdeen, UK
Vessels
57
North Sea Canada: Market Leadership in a Growing Market
~5,100 people
1st office founded in 1978
Technip in North Sea
Key Projects
Assets & Activities
Wellservicer Orelia
Alliance
Pori, Finland
Spoolbases
Construction yard
Manufacturing plants (umbilicals)
Regional Headquarter / Operating centers
Apache II
Skandi Arctic
1 ETH-PIP: Electrically Trace Heated Pipe-In-Pipe 2 PIP: Pipe-In-Pipe
As of March 31, 2013
58
Brazil: Over 35 years of Local Presence
~3,700 People
Founded in 1977
Technip in Brazil
Papa Terra IPB, Subsea
Guara & Lula Nordeste pre-salt development,
Subsea
Cubatao refinery, Onshore/Offshore
P-58 & P-62 FPSOs, Onshore/Offshore
Key Projects
Engineering & project management centers
Flexible/umbilical manufacturing plants Flexibras: since 1986
Port of Açu: High-end flexible manufacturing plant1
Logistic base Campos basin: Flexibras
Santos basin: Port of Angra
R&D and test center
Marine assets support base: Macaé
Vessels
Assets & Activities
Flexibras, Vitoria
Manufacturing plants (flexible pipelines)
Regional Headquarter / Operating centers
Logistic bases
Angra Macaé
Açu
Vitoria
Rio de
Janeiro
1 under construction
Skandi Niteroi Skandi Vitoria
2 x 550t PLSV1 Sunrise 2000
Deep Constructor
As of March 31, 2013
Technip in Brazil: Steady Development to Provide Unmatched Local Content
2011 Garoupa Platform
1st flexible pipe installed
100m water depth
Roncador Field Development
& P-52 Platform
1,800m water depth
1977
2007
P-58/P-62 Brazilian FPSOs award
Acquisition of Angra Porto logistic base
2009
1st IPB2 in Brazil
1st Brazilian PLSV:
Skandi Vitória
2010
Flexibras: 1st Flexible plant
1986
2001 Acquisition of
UTC Engineering
1995
1st LTC1 with Petrobras:
Sunrise
2nd Brazilian PLSV:
Skandi Niteroi
~20 people
~3,700 people
~2,000 people
59
1 Long Term Charter 2 Integrated Production Bundle
Flexible pipe
frame agreement
with Petrobras
2012
As of March 31, 2013
Listed on NYSE Euronext Paris
Shareholding Structure, November 2012
60
North America
31.7%
Treasury Shares
2.0%
Employees
2.6%
IFP Energies Nouvelles
2.5% Rest of World
18.1%
French Institutional Investors
16.4%
Individual Shareholders
5.1%
Others
4.7%
UK & Ireland
11.7% Institutional
Investors
83.1%
FSI
5.2%
Source: Thomson Reuters, Shareholder Analysis, November 2012
61
Technip’s Share Information
ISIN: FR0000131708
Bloomberg: TEC FP Reuters: TECF.PA SEDOL: 4874160
OTC ADR ISIN: US8785462099 ADR: TKPPY
Convertible Bonds: OCEANE 2010 ISIN: FR0010962704
OCEANE 2011 ISIN: FR0011163864
Private Placement Notes: ISIN: FR0010828095
62
Bloomberg ticker: TKPPY
CUSIP: 878546209
OTC ADR ISIN: US8785462099
Depositary bank: Deutsche Bank Trust Company Americas
Depositary bank contacts:
ADR broker helpline: +1 212 250 9100 (New York)
+44 207 547 6500 (London)
e-mail: [email protected]
ADR website: www.adr.db.com
Depositary bank’s local custodian: Deutsche Bank Amsterdam
Technip has a sponsored Level 1 ADR
